chart of the day

US healthcare is in urgent need of reform not only because medical costs are high, but also because expenditure is concentrated in a small segment of the population Expenditure per person is high, even though most of the population has very restricted access to healthcare services.

The US spends far more on health per person than any other country (measured at purchasing power parity), yet the life expectancy of the American population is shorter than in other countries that spend far less.

Americans spend five times more than Chileans, yet their lifespan is shorter than Chileans by roughly five years. ….

The chart … hides another peculiarity of US healthcare: the top 5 per cent of spenders account for almost half of all healthcare spending.

Federica Cocco, “The problem with US healthcare in one chart“, Financial Times, 17 January 2017 (gated paywall).

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